FHA loans are for owner-occupied properties. Since it’s impossible to live in two places at once, you probably assume you can’t have more than one FHA mortgage at a time. Technically, you are right, but there are some exceptions to the rule.
Compare Offers from Several Mortgage Lenders.
HUD grants exceptions to borrowers that are in one of the following situations:
You and your family have outgrown your existing home
Your job relocated you and it’s not within a reasonable distance … [Read more...]

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Any mortgage product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the mortgage credit product.

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